Learn to use the History function and stop driving prices into the toilet.

[Flarestar]

Competition keeps prices down :P
That's fundamental economics. If I want to undercut everyone else to guarantee a sale, I usually do. As to how far I go with it depends how fast I want to be rid of that item.

... no. That's not "fundamental economics". Fundamental economics is keeping the price a) as high as customers are reasonably willing to pay, b) high enough to turn a profit, and c) slightly lower than your competitors, unless you're at the edge of point b, in which case you price match and hope for the best. Fundamental economics is NOT doing fire sales 50% lower than the going price because you're an impatient twit, particularly when the market for whatever you're selling is both active and willing to pay substantially more.

[Darlantan]

... no. That's not "fundamental economics". Fundamental economics is keeping the price a) as high as customers are reasonably willing to pay, b) high enough to turn a profit, and c) slightly lower than your competitors, unless you're at the edge of point b, in which case you price match and hope for the best. Fundamental economics is NOT doing fire sales 50% lower than the going price because you're an impatient twit, particularly when the market for whatever you're selling is both active and willing to pay substantially more.

The reason why you see this as I stated below is because there are some crafters out there who farm materials and craft the materials into an item and sell the item for the lowest price which usually falls below material costs. For some reaosn they tend to think they're making huge profits that way.

[Wazabi]

... no. That's not "fundamental economics". Fundamental economics is keeping the price a) as high as customers are reasonably willing to pay, b) high enough to turn a profit, and c) slightly lower than your competitors...

Fundamental economics says nothing about that. It is about the effective distribution of resources in view of scarcity. It also describes the relationship of price and demand. You then make use of that knowledge as a firm/seller to optimize your profit, in which the risk appetite of the firm/seller has a great impact on the final selling price.

If I know that you are going to undercut me after I post, I will post at a way lower price that I think you won't (and probably come complaint at the forum) so that mine will guarentee a sales.

Nice. Economics is about playing people, community is about helping people.

Economic studies the behaviour of people in a way. It doesn't play people...people does...and community is filled with people too.